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The Everyday American

The September jobs numbers are in, and the news is good: our economy is BOOMING!

Let’s dive in…


TODAY’S BIG THING: SEPTEMBER JOBS REPORT
Not only did unemployment drop another 0.2% to 3.7% (the lowest unemployment since 1967), but we added another 134,000 jobs. That’s 1.8 million jobs since tax reform, and 4.1 million since November 2016.

Here are some other indicators that our economy is doing better than ever:


HOW WE GOT HERE 
Democrats want it both ways. On one hand, they’re railing against this economic news and trying to minimize the positive impact this has had on families across the country. Then, on the other hand, former President Obama is trying to claim credit for the economy -- falsely attributing it to his legacy.

The truth is: Democrats want to take all of this growth away from you and your community, and Republicans are the ones who helped produce this booming economy. Before President Trump entered the White House, stagnant wages and a measly two percent growth were considered the “new normal.” Obama’s legacy is bailouts, heavy-handed regulations, high corporate taxes, and a complicated tax code that favored the wealthiest Americans over families just trying to get by.

That all changed under this Republican majority in Congress. They overhauled the tax code for the first time since 1986. Their promise was straightforward: More jobs. Fairer taxes. Bigger paychecks. And they delivered.


BETTER OFF NOW: BY THE NUMBERS
The proof is in the numbers. Check these out:

$2,059 – Average tax cut for a typical family of four

$2,000 – The new per-child tax credit – double the old amount

$12,000 and $24,000 – The new standard deduction for individuals and families, respectively – nearly double the old amount

16 – Regulations rolled back through the Congressional Review Act process – the most in history

$4.1 billion – Dollars saved in agency regulatory costs through Congressional Review Act rollbacks

4 million+ – Hours of paperwork saved by rolling back regulations

102 – Number of utility companies that have lowered prices in 48 states as a result of tax reform

727 – Companies that gave out pay raises, bonuses, or more benefits to workers, and counting

4 million+ – Americans who received bonuses, increased wages, or expanded benefits because of tax reform from  

90% – Americans who are receiving bigger paychecks under the new withholding tables

6.9 million – Job openings as of July 2018, meaning more jobs than job seekers

65% – Americans who say now is a good time to find a quality job

4.5% – Hispanic-Latino unemployment rate, the lowest on record (September 2018)

6.0% - Black unemployment rate, near the lowest on record (September 2018)

95.1% – Manufacturers that feel positive about their own company’s outlook

MORE WAYS WE'RE BETTER OFF NOW

ICYMI: CBO CORRECTS TAX REFORM MYTHS
The Joint Economic Committee put out a great analysis explaining why the most recent report from the Congressional Budget Office (CBO) counters some of the biggest tax reform myths that Democrats are trying to spread. Here are a few:

Revenues are up this year, even after the Tax Cuts and Jobs Act (TCJA) provided tax relief. CBO reports that FY2018 revenues are $13 billion higher than in FY2017, even after TCJA provided tax relief to families and job creators.
 
The major source of revenue rose strongly after TCJA. Counting just the months TCJA has been in effect (January-September), individual income and payroll tax collections—which together made up over 85% of FY 2018 revenues—rose by $66 billion.
 
Wages and salaries are rising thanks to TCJA. CBO credits rising wages and salaries for helping to boost individual and payroll tax collections by 4 percent during this fiscal year. In an earlier report, CBO noted that TCJA will raise wages.

VIEW THE FULL ANALYSIS

WHAT YOU CAN DO 💪
Get in the know! Visit Better.gop to learn more about what House Republicans have done to create a booming economy, safer communities, and a stronger military.


ALSO:

Encourage your friends to share their opinions with House Republicans. Are you Better Off Now?


WHAT WE’RE READING (AND WATCHING) 

📚 READ NOW…
ARTICLE: Walgreens is raising wages and it's all because of Trump's tax cuts (WBA)
OP-ED: Tax reform 2.0 is like a regular check-up for our healthy economy
ARTICLE: Manufacturers on pace for most bullish year ever amid lower taxes and deregulation
OP-ED: Democrats 'Medicare for All' plan will demolish promises to seniors
OP-ED: How Congress can clean up our 'toxic' budget process and end the 'annual showdown'


📹 WATCH NOW…
Here are the game-changing economic numbers that the Democrats have been avoiding telling you about →

WHAT’S NEXT? ➡️

Your voice matters, America. After all this is the ‘Everyday American’. Please send us your thoughts and questions. Although we can’t answer everyone, we’ll highlight some in future emails, so stay tuned!

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